Ethereum

Cardano

Bitcoin

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April

Ethereum (ETH) added 3% in the past 24 hours amid a mild recovery in the crypto market. Bitcoin (BTC) also rose above $37,000 after a dip earlier this week, influencing altcoins such as ETH. 
With the market gaining momentum, the focus is shifting to the presale phase of Bitcoin Minetrix (BTCMTX), a new crypto-mining platform. 
<h2 class="wp-block-heading" id="strong-ethereum-adds-7-on-bullish-on-chain-metrics-strong">Ethereum adds 7% on bullish on-chain metrics</h2> 
The ETH price is up by over 7% from the Nov. 22 low, regaining the crucial $2,000 level. 
This rally comes as the crypto market rebounds from losses sustained following news regarding Binance and former CEO Changpeng Zhao. 
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However, more importantly, the ETH reversal aligns with its bullish on-chain metrics. 
According to FXStreet, the top 200 ETH wallets have been&nbsp;<a href="https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-rally-could-extend-riding-on-bullish-on-chain-metrics-202311220816" target="_blank" rel="noreferrer noopener">accumulating</a>&nbsp;in the past year. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/aHZGe6md4DuotEUSd9aMx89Oe4uADrB6nbHHW1HbjmbYe-r7e3cvhn69qNsY2MPZ2CqhiylsZGvI-oMpSGtMc3kSlOp9UV8WbdNfzwFvY1eQTMFsKSLp-mpoKfs261QzIAMyBq_5lcD4GdG4M1qPJS8" alt="Ethereum price up 3%, crypto mining token also gaining momentum - 29">
</figure> 
This formation suggests that “whale” investors are bullish on the coin. 
ETH supply on exchanges has decreased by almost 20% in the past six months, reaching its lowest since May.&nbsp; 
This decrease in supply on exchanges may support prices since it reduces selling pressure. 
Moreover, interest in Ethereum appears to be increasing, as more than 422,000 ETH wallets are currently active. This is a significant surge in the past few days.&nbsp; 
<h2 class="wp-block-heading" id="strong-crypto-market-gains-60b-after-binance-fallout-strong">Crypto market gains $60b after Binance fallout</h2> 
The broader crypto market also shows signs of recovery following the massive news of Binance’s landmark settlement and the loss of its founder, <a href="https://crypto.news/changpeng-zhaos-journey-from-mcdonalds-to-crypto-magnate/" data-type="post" data-id="14218811">Changpeng Zhao</a>. 
Bitcoin has rebounded over 5% from Nov. 22 lows, with other altcoins like Solana (SOL), XRP, and Cardano (ADA) also posting sizable gains. 
The total crypto market cap now&nbsp;<a href="https://www.coingecko.com/en/global-charts#:~:text=The%20global%20cryptocurrency%20market%20cap,a%20Bitcoin%20dominance%20of%2049.48%25." target="_blank" rel="noreferrer noopener">stands</a>&nbsp;at $1.48 trillion, adding over $60 billion since yesterday. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/POvc8drqc4rLJuEV__1S1vYa9mXHvJDTOJSLfuT7AUi3TNltrC8QeWZ16UufoBHnCkDY20gSr0P37M0XhbXJlR1IT8yi9wBJxbCgjgSzvCY2YtvYgpDFWZXMMMVSQX9KQ4xRi_Z8kd0f750co8eZGKw" alt="Ethereum price up 3%, crypto mining token also gaining momentum - 30">
</figure> 
This rebound seems driven by optimism that the regulatory uncertainties surrounding crypto might be resolved, particularly following the recent developments with <a href="https://crypto.news/bitcoin-flows-from-binance-to-coinbase-after-tumultous-week/" data-type="post" data-id="14219361">Binance</a>. 
Some analysts say the settlements, while harsh, could provide much-needed clarity for the crypto sector’s future progress. 
Additionally, macroeconomic factors like stabilizing inflation data have supported a risk-on environment for crypto as an asset class. 
While risks remain, the market is regaining footing. 
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<h2 class="wp-block-heading" id="strong-bitcoin-minetrix-raises-4-2-million-strong">Bitcoin Minetrix raises $4.2 million</h2> 
As the market stabilizes, attention is turning to a project in its presale phase –<a target="_blank" href="https://bs_b96bd0a7.crypto-news.care/" rel="noreferrer noopener">&nbsp;Bitcoin Minetrix</a>. 
According to the<a target="_blank" href="https://bitcoinminetrix.com/assets/documents/whitepaper.pdf" rel="noreferrer noopener">&nbsp;project’s whitepaper</a>, Bitcoin Minetrix is a decentralized cloud mining platform that allows users to stake BTCMTX and earn BTC rewards. 
Its “Stake-to-Mine” model gives users mining power based on token holdings, eliminating upfront costs, fixed contracts, and hidden fees associated with traditional cloud mining firms. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Nad2336ljSYwNh1bFixHZQbdIZny00wTlqilQm1xPve9-bkYPgiiqw6t-825pXW6x09y7YoDzWIkJOdPSUrD2M_A9DEjdXjEStM03oJIw3ALfnfb-ZfTVWqCeANuqZnY4Ik7DmiYNXODUsGmwmsEvnM" alt="Ethereum price up 3%, crypto mining token also gaining momentum - 31">
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Being an ERC-20 token on Ethereum,&nbsp;<a target="_blank" href="https://bitcoinminetrix.com/en/dashboard" rel="noreferrer noopener">users can stake BTCMTX</a>&nbsp;simply by connecting an Ethereum-compatible wallet. 
Bitcoin Minetrix’s potential is closely tied to the upcoming Bitcoin halving in April 2024. 
As mining rewards get cut in half, Bitcoin could enter a bull run that sends miner profits soaring. 
BTCMTX exposes users to this potential scenario without the need for expensive mining equipment. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/xa-13FyPpfFjWiHfHPKQ6KP25rtmtLgunpXXZhOP3fbN04VGa1gBhbXoHB9yfushE8Dhm1fTBKI1P7dYfguOPaFB9ngioeXQnh_8WCjTFndHjFRWx4zCyRQnQSBMdcyvA_9XJ5FnglqS8fBbcapAtJU" alt="Ethereum price up 3%, crypto mining token also gaining momentum - 32">
</figure> 
The project has raised $4.2 million from over 5,400&nbsp;<a target="_blank" href="https://bitcoinminetrix.com/assets/documents/whitepaper.pdf" rel="noreferrer noopener">Telegram</a>&nbsp;community members. 
Bitcoin Minetrix is ranked third on<a target="_blank" href="https://coinsniper.net/" rel="noreferrer noopener">&nbsp;CoinSniper.net</a>&nbsp;and second on<a target="_blank" href="https://icobench.com/" rel="noreferrer noopener">&nbsp;ICOBench.com</a>. 
The Bitcoin Minetrix roadmap includes plans for a mobile app, exchange listings, and partnering with cloud mining providers. 
<a href="https://bs_b96bd0a7.crypto-news.care/" target="_blank" rel="noreferrer noopener">Visit the Bitcoin Minetrix presale</a> 
 Read more: <a href="https://crypto.news/bitcoin-minetrix-a-stake-to-mine-project-raises-over-4m-in-presale/"> Bitcoin Minetrix, a stake-to-mine project, raises over $4m in presale </a> 
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Ethereum price up 3%, crypto mining token also gaining momentum

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